re: How much life insurance do you have?

quote:

---

I'm kind of confused why a parent would insure a child. A child costs money and doesn't create income. It feels morbid, but as a cost issue your finances would improve on thr death of a child over time, so the insurance doesn't make sense to me. It's completely different than if I die and my policy is used to take care of my kids.

I've read that perhaps a better rate for the kid when they become an adult, but I doubt that's hugely beneficial considering all other factors.

---

I have a 25k policy on my daughter, at age 26 she can convert it to a 100k policy without having to pass any sort of health screening. So in the event that something occurs before then and she's uninsurable, at least she has this 100k policy.